The Fire Station Cannabis Co. Dispensary
Retail | 10.50% CAP | 3,867 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the fee-simple interest in a new Fire Station ("Fire Station") dispensary located in Iron River, MI (“the Property”). The Property consists of a 3,867 square foot freestanding retail building with a residential unit on a 0.48 acre parcel of land. Fire Station will operate under a brand new fifteen (15) year Absolute NNN lease with zero landlord responsibilities and preferred 2.5% annual rental escalations during the base term.
Fire Station Cannabis Co. was established in October of 2019 in Upper Michigan as the 2nd medical marijuana facility and 1st licensed Upper Peninsula recreational retailer. The Fire Station Cannabis Co. has quickly become a household name in Michigan's Upper Peninsula. Renowned for its quality products and exceptional customer service, they are a premier cannabis dispensary committed to professionalism and regulatory compliance.
Investment highlights
• New 15 Year, Absolute NNN Sale Leaseback Opportunity
• 2.50% Annual Increases
• Established Operator with 10 Locations
• Strong Store Sales & Corporate Guaranty
• Abundant Local Activities
• Unique Mixed-Use Opportunity
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